Firstly, we would like to address the issue of stock prices. As franchisees, we rely on the availability of reasonably priced stocks to ensure profitability and sustainability of our businesses. However, the current prices of stocks provided by House of Franchise have become increasingly burdensome, making it challenging for us to achieve a satisfactory ROI. We kindly request that you review and consider reducing the prices of stocks to align them with market trends and allow us to attain better financial stability.

Secondly, we were disappointed to discover the existence of renewal fees, which were not mentioned in the franchise agreement or explicitly disclosed during our initial interactions with House of Franchise. Our decision to invest in the Siomai King/Noodle House franchise was influenced by the promise of no renewal fees, as stated in your advertisements and promotional materials. To ensure fairness and transparency, we urge you to honor the commitment made to us and waive all renewal fees for the duration of our franchise agreements.

Lastly, the imposition of marketing fees has further strained our financial resources. We were not made aware of these charges during the franchise selection process, and it has caused unexpected financial burdens for us as franchisees. Considering the lack of transparency and disclosure regarding marketing fees, we kindly request that you waive these charges to alleviate the financial strain faced by us and allow us to focus our resources on improving our businesses.

We, as dedicated and committed franchisees, have put our utmost effort into establishing and operating our foodcart businesses. However, the current circumstances have hindered our ability to thrive and generate the anticipated profits. We believe that by addressing the concerns raised in this petition, House of Franchise can help us regain confidence in the franchise system and create a more mutually beneficial and prosperous business relationship.

In conclusion, we sincerely request that you carefully consider our petition and take the necessary actions to lower stock prices, wave renewal fees, and marketing charges. We value our partnership with House of Franchise and remain optimistic that together we can overcome these challenges and ensure the long-term success of our HOF foodcart franchises.